Ero Copper reports first quarter 2026 results
(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, May 04, 2026 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Company”) is pleased to announce its operating and financial results for the three months ended March 31, 2026. Management will host a conference call tomorrow, Tuesday, May 5, 2026, at 11:30 a.m. Eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release.
HIGHLIGHTS Consolidated Q1 copper production totaled 17,287 tonnes in concentrate at C1 cash costs (1) of $2.39 per pound produced. Quarterly gold production was 5,495 ounces at C1 cash costs (1) and All-in Sustaining Costs ("AISC") (1) of $2,120 and $4,441 per ounce, respectively. Gold sales in the period totaled 10,330 ounces, including 4,311 ounces sold in gold concentrate.
Quarterly financial results reflect solid operating performance across the Company's copper operations and necessary ventilation circuit and cooling upgrades that were undertaken at the Xavantina Operation during the period. Net income attributable to the owners of the Company for the quarter was $108.8 million ($1.04 per share on a diluted basis). Adjusted net income attributable to the owners of the Company (1) for the quarter was $72.4 million ($0.69 per share on a diluted basis).
Cash flow from operations for the first quarter was $92.8 million. Adjusted EBITDA (1) was $125.2 million. Net debt (1) at quarter-end was $490.7 million, a reduction of approximately $11.0 million from year-end 2025 and approximately $71.1 million from March 31, 2025.
This contributed to a further reduction in the Company's net leverage ratio to approximately 1.0x (2) at quarter-end, demonstrating continued progress against deleveraging priorities. Available liquidity (1) at quarter-end was $146.2 million, including $91.2 million in cash and cash equivalents and $55.0 million of undrawn availability under the Company's senior secured revolvin